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  Geebo 8:00 am on May 15, 2025 Permalink | Reply
  Tags: deed transfer ( 15 ), quitclaim deeds ( 3 ), real estate, Scams ( 1,487 ), title theft ( 3 )   

  Deed Scam Hits 58,000 Homeowners 

  

  By Greg Collier

  A growing real estate scam has cost Americans more than $1.3 billion between 2019 and 2023, affecting an estimated 58,000 victims across the country. The scheme targets vacant or unmonitored properties, often by forging ownership documents and illegally selling these homes to unsuspecting buyers. Federal investigators, along with local agencies, are raising awareness about this trend as new cases continue to emerge.

  In Lee County, Florida, authorities have identified multiple instances of this type of fraud. One individual was convicted of grand theft and trespassing after fraudulently claiming ownership of a property. In another recent incident, a suspect was caught attempting to file a falsified deed with the local records office. Thanks to the county’s property fraud prevention program, investigators were able to trace the fraudulent activity and apprehend the suspect.

  The county’s fraud prevention alert system plays a central role in combating these crimes. The system notifies registered homeowners via email within 24 hours if a document is filed under their name. Before this tool existed, most victims would not learn of unauthorized activity until months later, often when their tax bills failed to arrive. More than 60,000 property owners in Lee County have signed up for the service, though this represents only a small fraction of the 500,000 parcels in the region.

  Experts recommend that homeowners remain proactive when it comes to protecting their property. This includes regularly reviewing property records, signing up for fraud alerts, and being wary of unsolicited offers or suspicious communications regarding real estate. Consulting with legal professionals before making changes to property ownership can also help avoid falling victim to fraudulent transactions.

  Those who believe they may be at risk or suspect unauthorized activity involving a property deed are urged to report it to federal authorities. With real estate often representing a family’s most valuable asset, taking steps to secure it against fraud is essential in today’s digital environment.

   

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  Geebo 8:00 am on April 28, 2025 Permalink | Reply
  Tags: quitclaim deeds ( 3 ), real estate, Scams ( 1,487 ), title theft ( 3 )   

  FBI Warns Homeowners of Title Theft 

  

  By Greg Collier

  The FBI is alerting homeowners to a growing threat known as “title theft,” where fraudsters steal property owners’ identities and attempt to sell their land without their knowledge. Officials report that these scams are on the rise, particularly targeting elderly individuals who are more likely to own vacant land or homes that are fully paid off.

  According to the FBI’s Internet Crime Complaint Center, from 2019 through 2023, real estate fraud cost victims across the United States approximately $1.3 billion.

  Authorities emphasize that timing is critical when addressing title theft. Reporting suspected fraud within 24 hours can significantly increase the chances of recovering stolen funds. Title pirates often operate quickly, attempting to finalize fraudulent sales before property owners even realize their homes or land have been targeted.

  Recent cases have illustrated how these scams unfold. Criminals often create forged deeds using publicly available information and submit them electronically to legitimate attorneys to initiate property sales. Many contracts today are completed online, making it easier for scammers to slip fraudulent documents past busy professionals. Once the forged documents are accepted, scammers often secure loans against the stolen property, taking the money and disappearing before the fraud is discovered.

  In one case, a homeowner was alerted to the fraud only because an attorney verified a suspicious sale. Without that early warning, the homeowner might have faced months of legal battles and tens of thousands of dollars in fees to reclaim their property.

  The FBI warns that scammers tend to focus on properties that are vacant, mortgage-free, or second homes. They use fake identification that often closely mimics genuine government documents, making detection difficult. Criminals usually insist on handling transactions remotely, refusing video calls and in-person meetings, and push for quick sales at below-market prices to expedite the fraud.

  Real estate professionals are encouraged to be especially vigilant. The National Association of Realtors advises taking additional precautions, such as verifying seller identities through multiple methods. Homeowners are also urged to register for notification alerts with their local registry of deeds. These alerts notify owners whenever a document is recorded against their property, helping to catch fraudulent activity early.

  Title theft is a serious and evolving threat, and both homeowners and real estate professionals must remain proactive to guard against it. The FBI continues to investigate these crimes and work to prevent future victims from losing their homes and life savings.

   
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  Geebo 8:00 am on March 13, 2025 Permalink | Reply
  Tags: deed transfer ( 15 ), foreclosure ( 3 ), foreclosure assistance, property rights, real estate, Scams ( 1,487 )   

  Arizona’s Fight Against Foreclosure Fraud 

  

  By Greg Collier

  Arizona is taking a strong stance against an alleged real estate fraud scheme that has impacted homeowners facing foreclosure. A newly filed lawsuit in Maricopa County accuses multiple individuals and companies of orchestrating a deceptive operation that took advantage of those in financial distress.

  The legal complaint details how the accused parties approached struggling homeowners under misleading pretenses, posing as representatives from a charitable organization. Once trust was established, homeowners were pressured into signing documents that transferred legal interests or ownership of their properties to the defendants. These agreements, described as fundamentally unjust, allegedly contained illegal clauses that stripped homeowners of their right to cancel the transaction.

  Authorities argue that this practice persisted for nearly a decade, affecting hundreds of Arizona residents. The lawsuit also implicates title companies and law firms that allegedly played a role in enabling the scheme. According to the complaint, these entities knowingly participated, motivated by the significant profits generated through these fraudulent transactions.

  The legal action seeks to impose a permanent ban on the defendants, preventing them from engaging in any real estate dealings within the state. This case underscores the commitment to holding accountable those who exploit vulnerable homeowners, reinforcing efforts to protect families from financial deception and fraud.

  For homeowners facing foreclosure or financial hardship, awareness is key to avoiding similar scams. If an unfamiliar company or individual approaches offering foreclosure assistance, it is crucial to verify their legitimacy. Government agencies, certified housing counselors, or reputable legal aid organizations are the best sources for foreclosure relief programs.

  Homeowners should be especially cautious of any deal that requires signing over property rights, even temporarily. Before signing any document related to homeownership, it is wise to consult a trusted real estate attorney or financial advisor. If a contract includes language restricting cancellation rights, that is a major red flag.

  Scammers often rely on urgency and pressure tactics. If someone insists that immediate action is required, homeowners should take a step back and seek independent advice. No legitimate foreclosure assistance program will require secretive or rushed decision-making.

  If fraud is suspected, homeowners should report concerns to state authorities, such as the attorney general’s office. Acting quickly can help prevent further harm and hold deceptive operators accountable.

  With the right precautions, homeowners can better protect themselves from schemes designed to take advantage of financial hardship, ensuring that their hard-earned equity remains secure.

   
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  Geebo 9:00 am on February 17, 2025 Permalink | Reply
  Tags: housing scam ( 4 ), identity theft ( 116 ), Los Angeles ( 5 ), real estate, Scams ( 1,487 ), section 8 housing   

  Section 8 Scam Shocks Los Angeles Residents 

  

  By Greg Collier

  Section 8 housing, formally known as the Housing Choice Voucher Program, is a federal assistance initiative designed to help low-income individuals and families afford safe and stable housing. Administered by local public housing agencies (PHAs) with funding from the U.S. Department of Housing and Urban Development (HUD), for now, the program provides subsidies that allow recipients to rent privately owned homes at a reduced cost. Demand for these vouchers is high, and in cities like Los Angeles, long waiting lists and limited availability create challenges for those seeking assistance.

  Unfortunately, the urgency and need surrounding affordable housing have made it a target for scammers. Over the weekend, dozens of people fell victim to a fraudulent flyer circulating online, which falsely advertised a voucher distribution event at a local recreation center. Upon arrival, hopeful applicants were met with a sign informing them that the event was a hoax.

  These scams are often designed to steal personal information for identity theft. Fraudsters may ask victims to provide sensitive details, such as Social Security numbers or bank account information, under the pretense of processing an application. Others may demand upfront fees for guaranteed placement on a waitlist, or offer fake ‘expedited processing’ services.

  To avoid falling for such scams, it’s crucial to verify any claims regarding Section 8 through official channels. Public housing agencies do not charge fees for applications or placement on a waitlist. Official information on the program, including application procedures and open enrollment periods, can be found through HUD’s website or directly from local housing authorities. In Los Angeles, the Housing Authority of the City of Los Angeles (HACLA) is responsible for administering Section 8 vouchers, and updates about the program are available on their official website.

  Individuals seeking assistance should be wary of unsolicited offers, especially those circulating on social media, and report suspicious activities to local authorities. While housing challenges remain a pressing issue, accurate information is the best defense against scams that prey on vulnerable communities.

   
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  Geebo 9:00 am on February 11, 2025 Permalink | Reply
  Tags: Facebook Marketplace ( 66 ), real estate, rental scam ( 88 ), Scams ( 1,487 ), zillow ( 16 )   

  Rental Scam Hits Community Hard 

  

  By Greg Collier

  In Chatham County, reports of a rental scam have surfaced, leaving several hopeful tenants without a home and out of money. The scam operates through online platforms, with fraudulent listings appearing on social media and real estate sites, such as Facebook Marketplace and Zillow.

  Many of those affected were drawn in by enticing rental offers that appeared legitimate but were advertised at significantly lower prices than the market rate. After responding to these listings, they engaged with individuals who provided documents, accepted electronic payments, and assured them that the rental process was moving forward.

  The deception only became clear when victims arrived to move in, only to find that the property was already owned or occupied by someone else. By that time, the money exchanged was long gone, and the scammer had disappeared.

  Similar cases have been reported in the past where a prospective renter was caught off guard when a representative of the actual property owner arrived to check on the house. The realization of the scam came too late, leaving yet another individual facing financial loss and housing uncertainty.

  Authorities are urging caution when searching for rental properties, emphasizing the importance of verifying listings and meeting property owners or managers in person. The process of securing a home can be stressful, but taking the time to confirm details before exchanging money can prevent falling victim to schemes like these.

  For those seeking rental homes, it’s crucial to ensure the person listing the property is the rightful owner or a verified manager. Verifying rental listings through trusted sources and being wary of deals that seem too good to be true can be key steps in avoiding fraud.

  As law enforcement continues to investigate, prospective renters should remain cautious and take extra precautions to protect themselves from becoming the next target of this ongoing scam.

   
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  Geebo 9:00 am on January 15, 2025 Permalink | Reply
  Tags: FCC ( 30 ), green mirage, homeowners, mortgage scam ( 5 ), real estate, Scams ( 1,487 )   

  Green Mirage Scam Targets Homeowners 

  

  By Greg Collier

  Homeowners across the United States are being targeted by a sophisticated scam that preys on individuals seeking mortgage relief. The Federal Communications Commission has issued a consumer alert, warning about a fraudulent scheme dubbed “Green Mirage”, which has already caused significant financial losses. This scam uses advanced techniques to deceive unsuspecting victims, making it particularly harmful.

  The perpetrators behind Green Mirage exploit the vulnerability of homeowners by impersonating mortgage lenders. They often possess detailed information about their targets, including names, addresses, and even current or past mortgage providers. This knowledge is used to create a facade of legitimacy, further bolstered by the use of spoofed caller ID numbers that mimic the real mortgage institutions. This meticulous approach makes the scam alarmingly convincing.

  Once contact is made, the callers often employ high-pressure tactics, threatening foreclosure to instill fear and urgency. They then present a supposed lifeline, relief, in exchange for immediate payments. These payments, however, are directed not to the actual mortgage lender but to the scam operators. Victims are instructed to send money through unorthodox channels, such as money orders to third-party representatives or funds uploaded to prepaid card accounts. The unconventional nature of these payment methods should serve as a red flag for consumers.

  The scale of the operation is staggering, as the Green Mirage scheme has impersonated over 400 mortgage institutions and caused financial devastation for many homeowners. Tragically, many victims only realize they have been defrauded when their legitimate lender initiates foreclosure proceedings. The emotional and financial toll on those affected underscores the urgency of addressing and combating such scams.

  The Federal Communications Commission has classified Green Mirage as a significant threat to consumer communications and has taken steps to warn the public and alert industry stakeholders. By designating this scheme as a Consumer Communications Information Services Threat, the agency aims to expose the deceptive tactics used by the scammers and provide actionable information to protect consumers. In addition, service providers have been reminded of their responsibility to prevent the proliferation of illegal spoofed calls.

  For homeowners, being alert is critical. Signs of a scam often include undue pressure to make payments, requests for payment via unconventional methods, and offers that seem too advantageous to be genuine. Consumers should exercise caution when receiving unsolicited calls, particularly those involving financial matters. If there is any doubt about the legitimacy of a call, it is advisable to hang up and independently verify the information using publicly available contact details of the supposed institution.

  The FCC encourages individuals who suspect they have encountered a scam to refrain from sharing personal or financial information and to report the incident. Complaints can be filed through the FCC’s consumer complaints portal, where resources are available to guide and assist victims.

  This situation underscores the evolving sophistication of scams targeting vulnerable populations. It is essential for homeowners to remain aware and proactive in safeguarding their financial security, especially during times of economic uncertainty. While agencies continue to crack down on fraudulent activities, consumer awareness remains a powerful tool in preventing exploitation.

   
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  Geebo 9:00 am on December 3, 2024 Permalink | Reply
  Tags: BEC scam ( 7 ), business email compromise ( 13 ), home buying ( 6 ), real estate, Scams ( 1,487 )   

  Protect Your Dream Home From Email Scams 

  

  By Greg Collier

  Each year, millions of Americans achieve the dream of homeownership, often dedicating their life savings to secure a place to call home. However, a growing menace in the form of Business Email Compromise (BEC) scams has turned this milestone into a nightmare for many, stealing funds meant for closing costs and down payments. This sophisticated crime has become a multibillion-dollar problem, leaving buyers, sellers, and real estate professionals scrambling for solutions.

  The heartbreak of falling victim to a BEC scam can’t be overstated. Victims, lulled into a false sense of security by what appear to be legitimate emails from their trusted real estate professionals, are unknowingly redirected to transfer vast sums of money to fraudulent accounts. The criminals behind these scams leverage hacked email threads and insider information to craft convincing messages that fit seamlessly into ongoing transactions. With these tactics, they strike at the most vulnerable moments, just days before closing.

  One victim, for instance, described how she received an email, seemingly from her title company, with instructions to wire her down payment. It all seemed routine until the day of the closing when she discovered the devastating truth. The funds had been rerouted to a criminal’s account. The money, which represented years of savings, was gone instantly. For many, the financial and emotional toll of such losses is immeasurable, and recovering even a portion of the stolen funds can feel like an insurmountable task.

  This growing trend is not limited to individuals. Title companies, real estate firms, and law practices are also frequent targets. Criminal organizations exploit weak links in digital communications, and the damage they inflict extends far beyond monetary loss. For institutions, it undermines trust in their operations. For individuals, it casts a shadow over what should be one of life’s happiest milestones.

  Yet, despite the sophistication of these crimes, there are steps that homebuyers, sellers, and real estate professionals can take to safeguard against falling victim to a BEC scam.

  First and foremost, set clear communication protocols from the beginning. Establish who your points of contact are and confirm that no changes to wiring instructions will be communicated via email. Whenever you receive wiring instructions, always verify their legitimacy by calling your title company or real estate agent using a phone number you know to be authentic. Never rely on phone numbers or links provided in an email.

  Additionally, consider using secure platforms for sharing sensitive information. Many title companies and financial institutions now offer encrypted communication tools specifically designed to combat wire fraud. Leveraging these resources can add a layer of protection to your transaction.

  While it is possible to recover from such losses with resilience and support, prevention is the best defense. By staying informed and cautious, buyers and sellers can ensure their dream of homeownership doesn’t turn into a financial and emotional nightmare.

  Home buying should be a celebration, not a source of sorrow. With the right precautions, you can protect your investment and bring your dream home to reality.

   
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  Geebo 8:00 am on October 7, 2024 Permalink | Reply
  Tags: land scam ( 2 ), real estate, real estate fraud ( 2 ), Scams ( 1,487 )   

  How Homes and Land are Stolen 

  

  By Greg Collier

  Recently, two alarming cases have come to light, revealing how easily real estate fraud can target homeowners and landowners across the country. These incidents, involving stolen properties in different Massachusetts towns, underscore the growing threat of fraudulent schemes in the real estate sector, a problem that can affect anyone, anywhere.

  In one case, a couple who had owned a piece of vacant land for decades discovered that it had been sold without their knowledge. Despite their long-term plans to build a home there, thieves impersonated the owners, forged identification documents, and initiated a sale. By the time the true owners found out, the property had been sold at a price far below market value, and new buyers were already building on it.

  In another case, a homeowner was nearly defrauded when a purchase agreement was drawn up for his home without his consent. A potential buyer from out of the country had supposedly agreed to buy the house in an all-cash transaction. Fortunately, the homeowner was warned by an attorney before the sale could go through, but the fraudsters didn’t give up easily, continuing their attempts to seize the property.

  These scams highlight a critical point, real estate fraud can happen anywhere, in any community. Both urban and rural areas are vulnerable, whether the target is a vacant lot or a family home. Fraudsters exploit the anonymity of property ownership, especially when the owners are not physically present or have limited oversight of the property.

  The methods used are often shockingly simple. Criminals forge documents, create counterfeit IDs, and manipulate digital records to push fraudulent transactions through. With the rise of electronic documentation and remote transactions, it’s easier than ever for scammers to exploit gaps in the system. Owners may only discover what has happened when it’s too late, as in the case of the couple who lost their land.

  These cases also show how scammers are becoming bolder, even sending professionals like engineers or real estate agents to the property, lending credibility to their schemes. Without constant vigilance, homeowners and landowners are left vulnerable to losing their assets without realizing it.

  Preventing these kinds of scams requires a proactive approach. Monitoring property records is essential, and many registries of deeds now offer notification systems that alert owners to any changes made to their property records. Additionally, staying in contact with legal professionals when engaging in real estate transactions can help catch red flags early.

  Ultimately, the increasing number of these fraud cases highlights the need for greater awareness and caution in real estate dealings. Whether it’s vacant land or a home in a quiet neighborhood, no property is immune to these sophisticated scams. As these cases show, what happened in Massachusetts could happen anywhere.

   
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  Geebo 8:00 am on September 3, 2024 Permalink | Reply
  Tags: real estate, rental scam ( 88 ), Scams ( 1,487 )   

  Avoiding Rental Scams in a Competitive Market 

  

  By Greg Collier

  Rental scams have become an increasingly troubling issue, preying on those who are often desperate to find affordable housing. Recent cases highlight the devastating impact these scams can have on individuals and families, particularly when circumstances force them into vulnerable situations.

  One victim encountered a scam while searching for a rental property in Seattle. After finding what seemed to be an ideal condo in Belltown, Washington, she engaged in what appeared to be a legitimate transaction. The scammer, posing as the owner, provided a detailed lease agreement, which appeared credible. The victim wired $3,700, only to discover that the property was not for rent but was listed for sale by a reputable real estate company. By the time the truth came to light, the money was gone, and the scammer had disappeared, leaving the victim with a financial loss and no recourse.

  A similar situation unfolded in Clayton County, Georgia, where a family was eager to secure stable housing after years of living in motels. An acquaintance connected them with someone offering a house for rent at an affordable price. The transaction felt genuine, with paperwork and a lease that seemed legitimate. The family paid $1,200 and moved in, only to be confronted by law enforcement days later. The lease was fake, and the family was forced to leave the property, losing not only the money they paid but also some of their personal belongings. The scam left them in an even more precarious situation, scrambling to find shelter each night.

  These cases illustrate how scammers exploit the current housing market, where competition for affordable rentals is fierce. Fraudsters often target properties listed for sale, posing as potential buyers to gain access, and then listing the property for rent. With access to the home, they can convincingly show it to prospective renters, who may be eager to secure a deal in a competitive market. By the time the deception is uncovered, the scammers have vanished with the money, leaving the victims with little recourse.

  In both scenarios, the scammers relied on the appearance of legitimacy to carry out their schemes. The victims were provided with what seemed like proper documentation and assurances that made the transactions feel secure. However, the scammers’ tactics, such as requesting payment before a formal in-person meeting or refusing to allow a tour of the property, were subtle red flags that could have indicated the fraudulent nature of the deals.

  The impact of these scams extends beyond financial loss. For the victims, the emotional toll of realizing they have been deceived can be profound. The process of searching for a home, especially in a tight market, is already stressful. When that search ends in a scam, the victims lose money and face the daunting task of starting over, often with fewer resources than they had before.

  As the housing market remains competitive, it’s crucial to exercise caution when searching for rental properties. Prospective renters should be wary of deals that seem too good to be true, and take steps to verify the legitimacy of the property and the person claiming to own or manage it. Trusting instincts and doing thorough research can help protect against falling victim to these increasingly common scams.

   
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  Geebo 8:00 am on August 9, 2024 Permalink | Reply
  Tags: BEC scam ( 7 ), business email compromise ( 13 ), home buying ( 6 ), real estate, Scams ( 1,487 )   

  Protecting your new home from BEC scams 

  

  By Greg Collier

  Finding your dream home can be exhilarating, yet fraught with unexpected challenges. For one Colorado couple, the process took a devastating turn just days before closing on their new home, highlighting a growing threat to homebuyers, the Business Email Compromise (BEC) scam.

  The couple, eager to settle into a family-friendly home, found themselves victims of a sophisticated email scam. Both working in the healthcare field, they were unfamiliar with the nuances of real estate transactions. As they prepared to close the deal, they received emails that seemed to be from their lender and title company. These emails, however, were from a hacker who had infiltrated the email chain, subtly altering the sender’s address to deceive them.

  Despite their efforts to verify the wire transfer through their financial advisor, who diligently contacted their financial institution, the funds vanished. They lost over $30,000, a sum representing years of savings. Though they managed to complete the purchase, their financial plans were put on hold.

  To safeguard against BEC scams, experts recommend maintaining open lines of communication with your realtor or title company through phone calls or in-person meetings. Verifying wire instructions by phone before transferring funds is crucial.

  Title companies often emphasize the importance of wire fraud prevention, promoting awareness of best practices, and encouraging real estate agents to educate buyers early and often.

  Following their loss, the couple filed insurance claims with both their financial institution and the title company. However, both companies denied responsibility.

  This incident should serve as a cautionary tale for anyone involved in real estate transactions. By adopting preventive measures, homebuyers can protect themselves from falling victim to similar scams. Always verify email addresses, confirm wire instructions via phone, and be wary of any unexpected changes in communication.